Proenza Schouler Founders to Design LVMH’s Loewe

Another piece of LVMH’s much-discussed designer reshuffle is falling into place as the French group names new creative direction for Loewe: Jack McCollough and Lazaro Hernandez, the founders of American designer label Proenza Schouler, will take the reins of the Spanish leather goods house from April 7, LVMH said in a statement Monday.

The designer duo will succeed Jonathan Anderson, whose exuberant vision of craft and cultural curation helped transform Loewe into a business with estimated…